KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Emerging Asian stocks are hitting new highs, led by Taiwan and South Korea, as AI-driven demand continues to dominate markets. However, currencies are weakening due to a stronger US dollar and uncertainty around the US-Iran peace deal. AI is now the strongest force in markets strong enough to offset geopolitics and rising rates. What’s Really Happening Equity markets and currencies are telling two very different stories: Stocks are rallying → driven by AI and semiconductor demand Currencies are weakening → pressured by USD strength and geopolitical uncertainty Taiwan and South Korea heavily exposed to semiconductors are leading gains because they sit at the center of the global AI supply chain. At the same time, unclear progress on the Iran deal and a stronger dollar are limiting capital flows into regional currencies. Why This Matters This divergence reveals something deeper: Equity investors are focused on growth (AI) Currency markets are focused on risk (USD + geopolitics...